CoinTelegraph
Coinbase CEO Brian Armstrong is publicly pressing lawmakers to get the CLARITY Act across the finish line, telling his audience that clear rules for digital assets are "almost here" and that the industry is "at the one yard line."
Why it matters
The CLARITY Act is the centerpiece market-structure bill that would assign primary SEC or CFTC oversight over most digital asset trading in the US, ending years of jurisdiction-by-enforcement. The House passed its version with bipartisan support in 2025, but the Senate has yet to advance a companion bill, leaving crypto companies in a regulatory grey zone even as spot BTC and ETH ETFs trade billions a day.
Market impact
Armstrong's framing signals that Coinbase, the largest US-listed crypto exchange, is now publicly treating CLARITY passage as a near-term catalyst rather than a multi-year ask. Watch the Senate Banking and Agriculture committees for markup movement, and any companion stablecoin framework that gets bundled into a floor vote.
Frequently asked questions
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What is the CLARITY Act?
The CLARITY Act is the leading US market-structure bill for digital assets. It would assign primary SEC or CFTC oversight over most crypto trading, ending the jurisdiction-by-enforcement approach that has shaped US crypto policy in recent years.
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Why is Brian Armstrong pushing for CLARITY now?
Armstrong's "one yard line" framing signals that Coinbase now treats the bill as a near-term catalyst rather than a multi-year legislative ask, putting public pressure on the Senate to advance a companion to the House-passed version.
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Has the CLARITY Act already passed?
Partially. The House passed its version of the bill in 2025 with bipartisan support, but the Senate has not yet advanced a companion bill or scheduled a floor vote.
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How would CLARITY affect crypto markets?
Clear jurisdictional rules would let US-regulated exchanges, ETF issuers, and market makers operate under a defined framework instead of navigating overlapping SEC and CFTC enforcement risk, lowering compliance ambiguity for spot BTC and ETH products.
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What comes next for the CLARITY Act?
The next milestones are markups in the Senate Banking and Senate Agriculture committees, and whether a stablecoin framework gets bundled into the same floor vote.
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